A recent RentHop report analyzes the affordability of studio rentals for singles in the top 50 U.S. cities, revealing stark contrasts in how much of their income individuals spend on housing. Wichita, Kansas stands out with an affordable median studio rent of $590, constituting only 18% of singles' earnings, while New York City tops the list with studio rent costing $3,375, about 67% of the median income. Cities like Columbus and Minneapolis also offer relatively affordable options, making them more financially favorable for singles looking for housing.
Renting a studio alone in cities like Wichita, Kan., is financially beneficial for singles, costing just 18% of their income compared to 67% in New York City.
A new RentHop report highlights the median studio rents against incomes across the U.S., revealing significant disparities in housing affordability for singles.
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